Tuesday, March 20, 2007

Everything is OK !!

Emerging Markets are opening stronger once again today. With economic numbers in the U.S. today the markets have taken this opportunity to put risk on in the EM world. Stocks in Asia did better and stocks in Europe are holding thier own for now.

Two day Fed meeting kicks off today. No risk of a change in rates but the risk comes from the statement after the meeting concludes tomorrow. For now it seems rate differentials are once again driving the dollar. As I have said in the past in quiet markets, dealers will run for carry. That is what I think is happening now.

Good Luck and Good Forex Trading.



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